Every business trust shall at all times have at least one trustee which, in the case of a natural person, shall be a person who is a resident of this state or which, in all other cases, has its principal place of business in this state.
S.D. Codified Laws § 47-14A-30
One trustee required to have residence or principal place of business in state
Known as the South Dakota Business Trust Act
The act spans §§ 47-14A-1 to 47-14A-96 (95 sections).
Source: SL 2001, ch 245, § 30.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.